About
Corvex Management was founded in December 2010 by Keith Meister, former CEO and Vice Chairman of Icahn Enterprises, managing $4 billion in AUM. Meister was Senior Managing Director at Icahn Partners from 2004-2010, gaining expertise in activist investing under Carl Icahn. Corvex focuses on high-quality businesses undergoing change in industries with positive secular tailwinds. The firm serves on multiple public company boards including MGM Resorts, BetMGM, and GeneDx, with past board seats at Yum! Brands, Williams Companies, ADT, Ralcorp, and Motorola. Meister believes "the lines are blurring" between activist and private equity investors.
Investment Focus
Corvex employs a fundamental value-based event-driven strategy with the ability to become active in situations creating asymmetric risk/reward opportunities. The firm's longer-term investment horizon, concentrated portfolio construction (top 10: 77% of AUM), and deep industry expertise enable focused due diligence and research. Corvex takes an opportunistic approach across the capital structure, investing in equities, special situations, and distressed securities. The firm's experienced, knowledge-based approach partners with management teams, boards, and constituents to create shareholder value through strategic repositioning, operational improvements, and capital allocation changes.